Canadian Dollar Trends Against Majors
Canada is blessed to have a vast land area rich in oil, natural gas, and metals deposits.
In addition, Canada has a relatively small population , about 33.4 million, who stand to benefit from the riches and favorable export position as the nation prospers.
In a world facing storages of industrial commodities Canada is in an enviable position. It can produce far more industrial commodities than it can consume and export the balance to world markets.
In a world with increasing demand and decreasing supplies this puts Canada in a strong position that should last for many generations.
The Canadian Dollar should reflect that strength. The exchange rate with he US Dollar is now about 0.94 Canadian to 1.00 US. The Canadian Dollar should keep trending higher and reach par and perhaps far beyond within a couple of years.
A good source of information on the Canada Dollar can be found at the Bank of Canada website.
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